RE:Nobody cares Common sense rules with this company Kavern. Yeah they budget 7 million for ARO so what? That would be less than two cardium wells for your fave yangarra. Pne also earns 5-6 million processing gas for other prodcers.
How many wells does YGR need to drill to match decline rates? 20? Pinecliff can wait out low prices and turn the dtills in October. Or next February. And barely feel the impact on production. How many wells would be needed to offset decline rates at PNE? 3?
With 4.00 gas prices pne will free cash flow 80 million without turning a drill.
there is a reason they have been able to grow production 35% per share since inception - Compounded. Its a profit oriented business with a plan. The same one for 12 years.
Decline rates matter. Cost control matters. Asset management matters. Dilution matters.
It is not Tourmaline but it's still a great company and currently the only public company like it.